Broker Dealers

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Advisor Group loses another giant team, this time to LPL
NEWS BROKER DEALERS MAY 04, 2020
Advisor Group loses another giant team, this time to LPL

JFC Financial Services, with a reported $3 billion in assets, moves to LPL

By Bruce Kelly
10 IBDs with the most CFPs
NEWS BROKER DEALERS MAY 04, 2020
10 IBDs with the most CFPs

The number of CFPs keeps growing, but where do they hang their hats?

By InvestmentNews
LPL's Arnold sees different financial advice business post  COVID-19
NEWS BROKER DEALERS MAY 01, 2020
LPL's Arnold sees different financial advice business post COVID-19

Less real estate and more reliance on artificial intelligence could be in the industry's future

By Bruce Kelly
Raymond James to focus on 'virtual' recruiting
NEWS BROKER DEALERS APR 30, 2020
Raymond James to focus on 'virtual' recruiting

Travel restrictions and uneasiness about in-person meetings mean recruiting is moving online

By Bruce Kelly
LPL to acquire $1.5 billion Lucia Securities
NEWS BROKER DEALERS APR 29, 2020
LPL to acquire $1.5 billion Lucia Securities

The IBD will add the San Diego firm's 20 advisers via the purchase

By InvestmentNews
Cetera loses more top executives
NEWS BROKER DEALERS APR 28, 2020
Cetera loses more top executives

This month alone, five members of the broker-dealer's senior staff have left

By Bruce Kelly
Team managing $300 million exits Wells Fargo for LPL
NEWS BROKER DEALERS APR 27, 2020
Team managing $300 million exits Wells Fargo for LPL

Ashworth Financial in Tryon, N.C., affiliates with LPL's new breakaway unit

By InvestmentNews
Cetera cuts REIT sales, loses senior recruiter
NEWS ALTERNATIVES APR 24, 2020
Cetera cuts REIT sales, loses senior recruiter

Broker-dealers are pausing the sale of real estate products while the broader market absorbs the shock of the shutdown

By Bruce Kelly
Clients don't grasp fees, and that's bad for business
NEWS RETIREMENT PLANNING APR 24, 2020
Clients don't grasp fees, and that's bad for business

Not knowing how their advisers are compensated affects clients' trust, according to a Hearts & Wallets report

By Emile Hallez
3 Questions: Brian Hamburger on adviser recruiting
NEWS BROKER DEALERS APR 23, 2020
3 Questions: Brian Hamburger on adviser recruiting

The founder and CEO of MarketCounsel discusses whether advisers are rethinking their plans to go independent

By InvestmentNews
Forget the bear! LPL is paying recruits like it's 2019
NEWS BROKER DEALERS APR 22, 2020
Forget the bear! LPL is paying recruits like it's 2019

Meanwhile, the giant IBD continues to evolve its business with a new offering targeting wirehouse advisers

By Bruce Kelly
LPL exec moves to Advisor Group
NEWS BROKER DEALERS APR 20, 2020
LPL exec moves to Advisor Group

Brian Shulstad will head business development at the firm's Triad Advisors unit

By InvestmentNews
10 IBDs that earn the most in fees
NEWS BROKER DEALERS APR 20, 2020
10 IBDs that earn the most in fees

The independent broker-dealers that took in the most in fees in 2019

By InvestmentNews
Advisor Group latest B-D network to halt sales of real estate products
NEWS ALTERNATIVES APR 17, 2020
Advisor Group latest B-D network to halt sales of real estate products

The giant IBD said real estate valuations have become murky as a result of the pandemic

By Bruce Kelly
TD Ameritrade executive exits to join LPL
NEWS BROKER DEALERS APR 15, 2020
TD Ameritrade executive exits to join LPL

Judy Ricketts had worked for the family firm for 24 years

By InvestmentNews
UBS team managing $325 million joins Kestra
NEWS BROKER DEALERS APR 14, 2020
UBS team managing $325 million joins Kestra

Sean Russell and Philip Giammarino move to Coastline Wealth Management

By InvestmentNews
Team managing $350 million at Ameriprise switches to Raymond James
NEWS BROKER DEALERS APR 14, 2020
Team managing $350 million at Ameriprise switches to Raymond James

Caliber, based in Overland Park, Kansas, has seven advisers and a staff of six

By InvestmentNews
IBDs face hard times in 2020
NEWS BROKER DEALERS APR 03, 2020
IBDs face hard times in 2020

A decline in assets and cuts to interest rates spell a sharp hit to IBD revenue this year

By Bruce Kelly
Private equity owners of IBDs will be tested during the downturn
NEWS ALTERNATIVES APR 03, 2020
Private equity owners of IBDs will be tested during the downturn

How will they hold up as they deal with the fallout from COVID-19?

By Bruce Kelly
Cambridge lands $1.5 billion branch from Advisor Group
NEWS BROKER DEALERS APR 03, 2020
Cambridge lands $1.5 billion branch from Advisor Group

Cooper McManus Wealth Management has 50 advisers in its network nationwide

By Bruce Kelly